Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests. In a tweet on Wednesday, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle. Bitcoin gears up for second peak Bitcoin has divided opinions over whether its 2021 bull run is more like 2013 or 2017 — the other two years th immediately followed block subsidy halving events. If to look at one metric, unrealized… Source link

This week marks 50 years since President Richard Nixon announced the US would abandon the Gold Standard. Instead of redeeming the dollar in gold, the government allowed its value to float freely on the market. So began a sharp devaluation of the world’s reserve currency of choice under the US-led Bretton Woods system. Priced in gold, the dollar has lost more than 90 per cent of its value since the Nixon shock. Meanwhile the British pound has lost over 40 per cent of its… Source link

On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.” 1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway Ever since the Ethereum network has been dealing with transaction congestion and much… Source link

Bitcoin is roughly flat over the past 24 hours as short-term momentum fades. The past few days have been relatively quiet in the crypto market, which typically precedes periods of higher volatility. Some analysts expect crypto prices to consolidate, albeit with the continued relative outperformance of altcoins such as ether and cardano.  Bitcoin, the world’s largest cryptocurrency by market cap, was trading at around $45,400 at press time and is up 55% year to date, compared with a 19%… Source link

Key Takeaways Ethereum sits on top of stable support following an 87% rally. However, a particular technical indicator recently presented a sell signal. A spike in downward pressure could see ETH drop toward $2,500. Share this article Ethereum has been on a roll lately after undergoing one of the most anticipated hard forks. Although the crowd sentiment remains bullish, multiple indicators suggest that a pullback is underway.  Ethereum Shows Red Flags The second-largest cryptocurrency… Source link

Bitcoin, the world’s No. 1 crypto and the genesis of the current revolution in digital assets may one day bow down to a new king of the sector, speculates a researcher. “Ethereum will continue to outperform Bitcoin in 2021 and will, ultimately, exceed its rival’s value,” wrote Nigel Green, chief executive and founder of deVere Group, a large financial advisory firm and asset manager, in a Wednesday note. Green makes the case that bitcoin … Source link

A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive. Bitcoin hash ribbons. Source: Glassnode Hash ribbons are based on Bitcoin’s network hash rate behavior and are designed to tell investors when the price is… Source link

What happened Cryptocurrency prices traded sharply lower Wednesday, with Bitcoin (CRYPTO:BTC) prices down 2% over the past 24 hours, according to data from Coindesk. As of 10:15 a.m. EDT, Ethereum (CRYPTO:ETH) investors are being treated to a 4.9% decline, while Dogecoin (CRYPTO:DOGE) is suffering worst of all — down 9.6%. The question is why? Image source: Getty Images. So what Today’s headlines contain a couple of notes that may be worrying

Bitcoin and Ethereum have taken off in 2021 and have further upside, predicts strategist Lyn Alden. Cryptocurrencies are highly volatile and dependent on sentiment, headlines, and regulatory policies. According to Alden, there are only two altcoins that are worth considering. Bitcoin (BTC) will hit $100,000 in 2022 and Ethereum will reach $5,000, predicts Lyn… Source link

US dollar extends its negative early-day moves, remaining well offered during the European session. Cautious sentiment ahead of the Federal Open Market Committee (FOMC) Minutes, also significantly undermining the dollar. XMR/USD pair is trading at the 252 level, having disrupted the support level of 263. The XMR/USD coin failed to stop its declining streak of the previous session, taking further offers around the $250.00 level. The recently discovered Monero (XMR) glitch is still impacting the… Source link